Fiscal planning and implementation: euro area analysis based on real time data
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Jeffrey A. Frankel & Jesse Schreger, 2012.
"Over-optimistic Official Forecasts in the Eurozone and Fiscal Rules,"
NBER Working Papers
18283, National Bureau of Economic Research, Inc.
- Frankel, Jeffrey A. & Schreger, Jesse, 2012. "Over-Optimistic Official Forecasts in the Eurozone and Fiscal Rules," Working Paper Series rwp12-041, Harvard University, John F. Kennedy School of Government.
- GalÃ, Jordi & Perotti, Roberto, 2003.
"Fiscal Policy and Monetary Integration in Europe,"
CEPR Discussion Papers
3933, C.E.P.R. Discussion Papers.
- Jordi Gali & Roberto Perotti, 2003. "Fiscal Policy and Monetary Integration in Europe," NBER Working Papers 9773, National Bureau of Economic Research, Inc.
- Pierre-Olivier Beffy & Patrice Ollivaud & Pete Richardson & Franck Sédillot, 2006. "New OECD Methods for Supply-side and Medium-term Assessments: A Capital Services Approach," OECD Economics Department Working Papers 482, OECD Publishing.
- António Afonso & Luca Agnello & Davide Furceri, 2010.
"Fiscal policy responsiveness, persistence, and discretion,"
Public Choice, Springer, vol. 145(3), pages 503-530, December.
- António Afonso & Luca Agnello & Davide Furceri, 2008. "Fiscal Policy Responiveness, Persistence and Discretion," Working Papers Department of Economics 2008/50, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
- António Afonso & Luca Agnello & Davide Furceri, 2008. "Fiscal Policy Responsiveness, Persistence, and Discretion," OECD Economics Department Working Papers 659, OECD Publishing.
- Afonso, António & Furceri, Davide & Agnello, Luca, 2008. "Fiscal policy responsiveness, persistence and discretion," Working Paper Series 954, European Central Bank.
- Lane, Philip R., 2003.
"The cyclical behaviour of fiscal policy: evidence from the OECD,"
Journal of Public Economics, Elsevier, vol. 87(12), pages 2661-2675, December.
- Philip R. Lane, 2002. "The Cyclical Behaviour of Fiscal Policy: Evidence from the OECD," Trinity Economics Papers 20022, Trinity College Dublin, Department of Economics.
- Staehr, Karsten, 2008.
"Fiscal policies and business cycles in an enlarged euro area,"
Economic Systems, Elsevier, vol. 32(1), pages 46-69, March.
- Karsten Staehr, 2007. "Fiscal policies and business cycles in an enlarged euro area," Bank of Estonia Working Papers 2007-03, Bank of Estonia, revised 08 Mar 2007.
- Karsten Staehr, 2007. "Fiscal Policies and Business Cycles in an Enlarged Euro Area," CESifo Working Paper Series 1933, CESifo.
- Jacopo Cimadomo, 2012.
"Fiscal Policy in Real Time,"
Scandinavian Journal of Economics, Wiley Blackwell, vol. 114(2), pages 440-465, June.
- Jacopo Cimadomo, 2007. "Fiscal Policy in Real Time," Working Papers 2007-10, CEPII research center.
- Cimadomo, Jacopo, 2008. "Fiscal policy in real time," Working Paper Series 919, European Central Bank.
- Álvaro M. Pina, 2009. "Elusive Counter-Cyclicality and Deliberate Opportunism? Fiscal Policy from Plans to Final Outcomes," Working Papers w200906, Banco de Portugal, Economics and Research Department.
- Bertrand Candelon & Joan Muysken & Robert Vermeulen, 2010.
"Fiscal policy and monetary integration in Europe: an update,"
Oxford Economic Papers, Oxford University Press, vol. 62(2), pages 323-349, April.
- Candelon, B. & Muysken, J. & Vermeulen, R., 2007. "Fiscal policy and monetary integration in Europe: an update," Research Memorandum 050, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Candelon, B. & Muysken, J. & Vermeulen, R., 2008. "Fiscal policy and monetary integration in Europe: an update," Research Memorandum 037, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Beetsma, Roel & Giuliodori, Massimo & Walschot, Mark & Wierts, Peter, 2013.
"Fifty years of fiscal planning and implementation in the Netherlands,"
European Journal of Political Economy, Elsevier, vol. 31(C), pages 119-138.
- Beetsma, Roel & Giuliodori, Massimo & Walschot, Mark & Wierts, Peter, 2010. "Fifty Years of Fiscal Planning and Implementation in the Netherlands," CEPR Discussion Papers 7969, C.E.P.R. Discussion Papers.
- Roel Beetsma & Massimo Giuliodori & Mark Walschot & Peter Wierts, 2010. "Fifty Years of Fiscal Planning and Implementation in the Netherlands," DNB Working Papers 260, Netherlands Central Bank, Research Department.
- Philip R. Lane, 2003.
"Business Cycles and Macroeconomic Policy in Emerging Market Economies,"
International Finance, Wiley Blackwell, vol. 6(1), pages 89-108, March.
- Philip R. Lane, 2003. "Business Cycles and Macroeconomic Policy in Emerging Market Economies," Trinity Economics Papers 20032, Trinity College Dublin, Department of Economics.
- Jacopo Cimadomo, 2011. "The Fiscal Stimulus and Challenges Ahead: Views on the Euro Area," Economic Papers, The Economic Society of Australia, vol. 30(1), pages 23-28, March.
- Roel Beetsma & Massimo Giuliodori & Peter Wierts, 2009. "Planning to cheat: EU fiscal policy in real time [‘What do we really know about fiscal sustainability in the EU?’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 24(60), pages 753-804.
- Roberto Golinelli & Sandro Momigliano, 2006. "Real-time determinants of fiscal policies in the euro area: Fiscal rules, cyclical conditions and elections," Temi di discussione (Economic working papers) 609, Bank of Italy, Economic Research and International Relations Area.
- Jacopo Cimadomo, 2016.
"Real-Time Data And Fiscal Policy Analysis: A Survey Of The Literature,"
Journal of Economic Surveys, Wiley Blackwell, vol. 30(2), pages 302-326, April.
- Jacopo Cimadomo, 2011. "Real-time data and fiscal policy analysis: a survey of the literature," Working Papers 11-25, Federal Reserve Bank of Philadelphia.
- Cimadomo, Jacopo, 2011. "Real-time data and fiscal policy analysis: a survey of the literature," Working Paper Series 1408, European Central Bank.
- Jacopo Cimadomo, 2011. "Real-Time Data and Fiscal Policy Analysis: a Survey of the Literature," Working Papers 2011-20, CEPII research center.
- Golinelli, Roberto & Momigliano, Sandro, 2006. "Real-time determinants of fiscal policies in the euro area," Journal of Policy Modeling, Elsevier, vol. 28(9), pages 943-964, December.
- Roberto Golinelli & Sandro Momigliano, 2009.
"The Cyclical Reaction of Fiscal Policies in the Euro Area: The Role of Modelling Choices and Data Vintages,"
Fiscal Studies, Institute for Fiscal Studies, vol. 30(1), pages 39-72, March.
- Roberto Golinelli & Sandro Momigliano, 2009. "The Cyclical Reaction of Fiscal Policies in the Euro Area: The Role of Modelling Choices and Data Vintages," Fiscal Studies, John Wiley & Sons, vol. 30(1), pages 39-72, March.
- repec:oup:ecpoli:v:18:y:2003:i:37:p:533-572 is not listed on IDEAS
- Andrew Hughes Hallett & Rasmus Kattai & John Lewis, 2012. "How Reliable Are Cyclically Adjusted Budget Balances In Real Time?," Contemporary Economic Policy, Western Economic Association International, vol. 30(1), pages 75-92, January.
- Jordi Galí & Roberto Perotti, 2003. "Fiscal policy and monetary integration in Europe [‘Consumption smoothing through fiscal policy in OECD and EU countries’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 18(37), pages 533-572.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- repec:zbw:bofrdp:2012_034 is not listed on IDEAS
- Paloviita, Maritta, 2012. "Fiscal planning and implementation : euro area analysis based on real time data," Research Discussion Papers 34/2012, Bank of Finland.
- Jacopo Cimadomo, 2016.
"Real-Time Data And Fiscal Policy Analysis: A Survey Of The Literature,"
Journal of Economic Surveys, Wiley Blackwell, vol. 30(2), pages 302-326, April.
- Jacopo Cimadomo, 2011. "Real-time data and fiscal policy analysis: a survey of the literature," Working Papers 11-25, Federal Reserve Bank of Philadelphia.
- Jacopo Cimadomo, 2011. "Real-Time Data and Fiscal Policy Analysis: a Survey of the Literature," Working Papers 2011-20, CEPII research center.
- Cimadomo, Jacopo, 2011. "Real-time data and fiscal policy analysis: a survey of the literature," Working Paper Series 1408, European Central Bank.
- Paloviita, Maritta, 2012. "Real time uncertainty in fiscal planning and debt accumulation in the euro area," Bank of Finland Research Discussion Papers 35/2012, Bank of Finland.
- Maritta Paloviita, 2017.
"Real time uncertainty in fiscal planning and debt accumulation in the euro area,"
International Economics and Economic Policy, Springer, vol. 14(1), pages 43-59, January.
- Paloviita, Maritta, 2012. "Real time uncertainty in fiscal planning and debt accumulation in the euro area," Research Discussion Papers 35/2012, Bank of Finland.
- repec:zbw:bofrdp:2012_035 is not listed on IDEAS
- Heimberger, Philipp, 2023. "The cyclical behaviour of fiscal policy: A meta-analysis," Economic Modelling, Elsevier, vol. 123(C).
- Larch, Martin & Orseau, Eloïse & van der Wielen, Wouter, 2021.
"Do EU fiscal rules support or hinder counter-cyclical fiscal policy?,"
Journal of International Money and Finance, Elsevier, vol. 112(C).
- Martin Larch & Eloise Orseau & Wouter Van Der Wielen, 2020. "Do EU Fiscal Rules Support or Hinder Counter-Cyclical Fiscal Policy?," JRC Working Papers on Taxation & Structural Reforms 2020-01, Joint Research Centre.
- Martin Larch & Eloïse Orseau & Wouter van der Wielen, 2020. "Do EU Fiscal Rules Support or Hinder Counter-Cyclical Fiscal Policy?," CESifo Working Paper Series 8659, CESifo.
- Julia Darby & Jacques Melitz, 2011.
"Joint Estimates of Automatic and Discretionary Fiscal Policy: the OECD 1981-2003,"
Working Papers
2011-14, CEPII research center.
- Julia Darby & Jacques Melitz, 2012. "Joint estimates of automatic and discretionary fiscal policy: the OECD 1981-2003," Heriot-Watt University Economics Discussion Papers 1210, Department of Economics, School of Management and Languages, Heriot Watt University.
- Darby, Julia & Melitz, Jacques, 2012. "Joint estimates of automatic and discretionary fiscal policy: the OECD 1981-2003," SIRE Discussion Papers 2012-81, Scottish Institute for Research in Economics (SIRE).
- Jacques Melitz & Julia Darby, 2011. "Joint Estimates of Automatic and Discretionary Fiscal Policy: The OECD 1981-2003," Working Papers 2011-11, Center for Research in Economics and Statistics.
- Melitz, Jacques & Darby, Julia, 2011. "Joint estimates of automatic and discretionary fiscal policy: the OECD 1981-2003," CEPR Discussion Papers 8342, C.E.P.R. Discussion Papers.
- Julia Darby & Jacques Melitz, 2011.
"Joint estimates of automatic and discretionary fiscal policy for the OECD,"
Working Papers
1122, University of Strathclyde Business School, Department of Economics.
- Darby, Julia & Melitz, Jacques, 2011. "Joint estimates of automatic and discretionary fiscal policy for the OECD," SIRE Discussion Papers 2011-43, Scottish Institute for Research in Economics (SIRE).
- Chrysanthakopoulos, Christos & Tagkalakis, Athanasios, 2024.
"The medium-term effects of fiscal policy rules,"
Journal of International Money and Finance, Elsevier, vol. 142(C).
- Christos Chrysanthakopoulos & Athanasios Tagkalakis, 2024. "The medium-term effects of fiscal policy rules," Working Papers 325, Bank of Greece.
- repec:edn:sirdps:400 is not listed on IDEAS
- Aldama, Pierre & Creel, Jérôme, 2022. "Real-time fiscal policy responses in the OECD from 1997 to 2018: Procyclical but sustainable?," European Journal of Political Economy, Elsevier, vol. 73(C).
- Beetsma, Roel & Giuliodori, Massimo & Walschot, Mark & Wierts, Peter, 2013.
"Fifty years of fiscal planning and implementation in the Netherlands,"
European Journal of Political Economy, Elsevier, vol. 31(C), pages 119-138.
- Beetsma, Roel & Giuliodori, Massimo & Wierts, Peter & Walschot, Mark, 2010. "Fifty Years of Fiscal Planning and Implementation in the Netherlands," CEPR Discussion Papers 7969, C.E.P.R. Discussion Papers.
- F. Holm-Hadulla & S. Hauptmeier & P. Rother, 2012.
"The impact of expenditure rules on budgetary discipline over the cycle,"
Applied Economics, Taylor & Francis Journals, vol. 44(25), pages 3287-3296, September.
- Fédéric Holm-Hadulla & Sebastian Hauptmeier & Philipp Rother, 2011. "The impact of expenditure rules on budgetary discipline over the cycle," Post-Print hal-00711446, HAL.
- Carnazza, Giovanni, 2023. "Ex-post and real-time estimations of the output gap: A new assessment of fiscal procyclicality in the eurozone," The Journal of Economic Asymmetries, Elsevier, vol. 28(C).
- Jacopo Cimadomo, 2012.
"Fiscal Policy in Real Time,"
Scandinavian Journal of Economics, Wiley Blackwell, vol. 114(2), pages 440-465, June.
- Jacopo Cimadomo, 2007. "Fiscal Policy in Real Time," Working Papers 2007-10, CEPII research center.
- Cimadomo, Jacopo, 2008. "Fiscal policy in real time," Working Paper Series 919, European Central Bank.
- Katja Schmidt & Antoine Sigwalt, 2022. "Fiscal policy orientation in the euro area in real-time," Working papers 896, Banque de France.
- António Afonso & Peter Claeys & Ricardo Sousa, 2011.
"Fiscal regime shifts in Portugal,"
Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 10(2), pages 83-108, August.
- António Afonso & Peter Claeys & Ricardo M. Sousa, 2009. "Fiscal Regime Shifts in Portugal," NIPE Working Papers 25/2009, NIPE - Universidade do Minho.
- António Afonso & Peter Claeys & Ricardo M. Sousa, 2009. "Fiscal Regime Shifts in Portugal," IREA Working Papers 200921, University of Barcelona, Research Institute of Applied Economics, revised Oct 2009.
- António Afonso & Peter Claeys & Ricardo M. Sousa, 2009. "Fiscal Regime Shifts in Portugal," Working Papers Department of Economics 2009/39, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
- Attinasi, Maria Grazia & Palazzo, Alessandra Anna & Pierluigi, Beatrice, 2019. "Fiscal activism in the euro area and in other advanced economies: new evidence," Working Paper Series 2344, European Central Bank.
- Luca Agnello & Jacopo Cimadomo, 2012.
"Discretionary Fiscal Policies over the Cycle: New Evidence Based on the ESCB Disaggregated Approach,"
International Journal of Central Banking, International Journal of Central Banking, vol. 8(2), pages 43-85, June.
- Agnello, Luca & Cimadomo, Jacopo, 2009. "Discretionary Fiscal Policies over the Cycle: New Evidence based on the ESCB Disaggregated Approach," Working Paper Series 1118, European Central Bank.
- Hughes Hallett, Andrew & Bernoth, Kerstin & Lewis, John, 2008. "Did Fiscal Policy Makers Know What They Were Doing? Reassessing Fiscal Policy with Real Time Data," CEPR Discussion Papers 6758, C.E.P.R. Discussion Papers.
- Bernoth, Kerstin & Hughes Hallett, Andrew & Lewis, John, 2008.
"Did Fiscal Policy Makers Know What They Were Doing? Reassessing Fiscal Policy with Real Time Data,"
CEPR Discussion Papers
6758, C.E.P.R. Discussion Papers.
- Kerstin Bernoth & Andrew Hughes Hallet & John Lewis, 2008. "Did fiscal policy makers know what they were doing? Reassessing fiscal policy with real-time data," DNB Working Papers 169, Netherlands Central Bank, Research Department.
More about this item
Keywords
fiscal policy; real time data; planning stage; implementation stage; cyclical sensitivity; economic crisis;All these keywords.
JEL classification:
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:bofrdp:rdp2012_034. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/bofgvfi.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.